Well lets see, 140 banks shuttered last year, 15 shuttered so far this year, not one banker behind bars, how do they do it. Thought they were bankers, had standards they had to follow, had to keep the public trust. Thought lessons had been learned so things that happened in the past couldn't happen again. What am I worried about anyway, money is worthless. Only thing you can afford to buy is *censored* from Wall-mart. If you buy good *censored* from someplace else then people think somethings wrong with ya. What the hell China whats taking you so long, call in the debt and take us over already. This slow bankers death sucks. We should be more like Greece, now they have there act together brother. Oh wait they owe everybody too.Lets see China sends us *censored* we buy thats useless, China buys our debt, yep shouldn't be to much longer. Could you imagine what would happen if we stopped buying the crap from China and bought the good stuff from ourselves, what am I thinking the bankers would never have it. It won't be long (I bet it's already happened) that a banker will do a trillion in bonuses for a year. Of course a lot of banks will have to close for that kind of dough to be put out there and not found.Cheers to the bankers, you found a way to screw who ever ya wanted without getting a slap on the wrist!!!!!

Cheers to the bankers you found a way to buy commodities and raise the price so you can make the money go round and round. (Explanation; Several banks buy the same commodities just at different times, price goes up even though there is no reason for it to go up, eventually a catastrophe of some kind really does happen to actually drive the price up, bankers sell make a ton over nothing and make big bonuses for themselves.)

As far as I'm concerned the Federal Reseve System is nothing but a way for the people running it and their friends to get filthy rich at everone elses expense. They get away with it by creating an air of respectability and have "friends" in government to make the laws in their favor. If I printed money or created it electronicly I'd be a counterfitter. When they do it it is expanding the money supply. Then they loan out the newly created money and collect interest. They have a license to steal.

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

Black_And_Blue wrote:"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

Black_And_Blue wrote:"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

-TJ

For clarity, the above quote was in my head and it is an extrapolation from this one :

....And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. (writings of Thomas Jefferson by Bergh 1816)

Another one on banks in writing to John Adams (1814) :

The evils they have engendered are now upon us, and the question is how we are to get out of them? Shall we build an altar to the old paper money of the revolution, which ruined individuals but saved the republic, and burn on that all the bank charters present and future, and their notes with them? For these are to ruin both republic and individuals. This cannot be done. The Mania is too strong. It has seized by it's delusions and corruptions all the members of our governments, general, special and individual.

It is too bad that the Republican party deregulated the financial industry and fostered a decade of mergers and acquisitions. Maybe if they had left the rules and regulations that were put in place after the great depression we would not be in this financial mess.

Agreed, to continued actions of bankers & others are the reason for regulations. Nobody likes Gov. Reg.s but if you can`t regulate yourself & put citizens & country in dire straights to feed your own greed then something has to be done.

Republicans are not blameless with regards to the financal mess but it far from all their fault. There is plenty of blame to go around.

AdkCoal wrote:It is too bad that the Republican party deregulated the financial industry and fostered a decade of mergers and acquisitions. Maybe if they had left the rules and regulations that were put in place after the great depression we would not be in this financial mess.

Your right about the blame all around, I have a copy of an E-mail somewhere that explains it very well. The very digested version is there are 545 people in Gov. that represent us all. They all claim that they dislike the same things that the general population does but yet they are the only ones that can create it or thake it away. Needless to say they never do. I believe it was written by Charlie Reese.

The trouble was if they went under the country goes under, there is no economy without a functioning banking system. They were allowed to get too big to the point that they were mostly reliant upon one another. The smaller banks even if large in number were totally dependant upon them. It would have just caused another run on banks & this time because of a global economy it would also be a global depression. Don`t forget this recession included most of the industrialized world, we all have to pull ourselves out.

samhill wrote:The trouble was if they went under the country goes under, there is no economy without a functioning banking system. They were allowed to get too big to the point that they were mostly reliant upon one another. The smaller banks even if large in number were totally dependant upon them. It would have just caused another run on banks & this time because of a global economy it would also be a global depression. Don`t forget this recession included most of the industrialized world, we all have to pull ourselves out.

Don't kid yourself. The healthy smart banks and investers would have bought up and straightened out the mess. The best part is the idiots that made the bad choices would be outside looking in.That the way it's supposed to be. I have a busisness would you like to pay for my mistakes? Of course not!